We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
SPAR Group, Inc. (SGRP) Surpasses Market Returns: Some Facts Worth Knowing
Read MoreHide Full Article
SPAR Group, Inc. (SGRP - Free Report) ended the recent trading session at $1.06, demonstrating a +0.95% swing from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 0.73% for the day. At the same time, the Dow lost 0.64%, and the tech-heavy Nasdaq gained 1.61%.
The company's stock has dropped by 4.55% in the past month, falling short of the Business Services sector's gain of 9.41% and the S&P 500's gain of 9.07%.
The investment community will be paying close attention to the earnings performance of SPAR Group, Inc. in its upcoming release. It is anticipated that the company will report an EPS of $0.03, marking a 50% fall compared to the same quarter of the previous year.
Any recent changes to analyst estimates for SPAR Group, Inc. should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. SPAR Group, Inc. is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, SPAR Group, Inc. is currently trading at a Forward P/E ratio of 8.75. This signifies a discount in comparison to the average Forward P/E of 18.11 for its industry.
The Business - Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 48, putting it in the top 20% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
SPAR Group, Inc. (SGRP) Surpasses Market Returns: Some Facts Worth Knowing
SPAR Group, Inc. (SGRP - Free Report) ended the recent trading session at $1.06, demonstrating a +0.95% swing from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 0.73% for the day. At the same time, the Dow lost 0.64%, and the tech-heavy Nasdaq gained 1.61%.
The company's stock has dropped by 4.55% in the past month, falling short of the Business Services sector's gain of 9.41% and the S&P 500's gain of 9.07%.
The investment community will be paying close attention to the earnings performance of SPAR Group, Inc. in its upcoming release. It is anticipated that the company will report an EPS of $0.03, marking a 50% fall compared to the same quarter of the previous year.
Any recent changes to analyst estimates for SPAR Group, Inc. should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. SPAR Group, Inc. is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, SPAR Group, Inc. is currently trading at a Forward P/E ratio of 8.75. This signifies a discount in comparison to the average Forward P/E of 18.11 for its industry.
The Business - Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 48, putting it in the top 20% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.